hi, everyone welcome to "on the money." i'm becky quick. how one family is making sure their son with disabilities will be safe and secure and how millions more and do the same thing. extra space in your attic or basement you can turn that into extra cash, but there's a catch. how to find the right college for your student the pest match, hidden gems and schools with really good financial aid. and the state that will pay you to move there. a pretty nice place that could have you seeing green in more ways than one. "on the money" starts right now. >> this is "on the money" your money, your life, your future.

now, becky quick >> we begin with raising a child. it can be one of the most rewarding things anyone ever does also one of the hardest if a child has a disability that could add a whole additional layer of stress. but a financial tool that very few people use that can help safe guard the up toer an able account. as our sharon epperson reports in this week's "cover story" it could be life changing. >> reporter: rain or shine, brian is hard at work. caring for his friends at barry field friend in massachusetts. the 25-year-old who has autism is feeding horses and his bank account. he works three jobs and saves over $1,000 a month with one goal in mind >> i'm saving money to buy the farm i'm going to name the farm is going to be the little patch of heaven.

>> reporter: as he saves money to buy his own farm, they're hoping he will have enough money to pay for day-to-day expenses down the road. they are putting money away in a special design vehicle for people with disabilities an able account. >> don't save, don't have any assets. >> reporter: until able accounts were created, individuals had to have less than $2,000 of savings in their names to qualify for programs like medicaid and other urves ises able accounts remove that cap allowing those special needs and their families to contribute up to $15,000 a year in an able account and still receive benefits >> this gives us more elbow room and gives brian the ability to save and to plan and to do what he needs to do to take care of himself, just like everyone else has to. >> reporter: few who qualify are taking available of these

accounts the resource center estimates 8 million people are available and only 6,000 have been opened. charles says many families don't know about those accounts or how they work. >> with an able acu go over that $100,000 maxman contribution, you'll start to lose your benefits you have to manage that account to make sure it stays under $100,000 throughout the entire account. >> reporter: for brian, his able account gives him a chance to save for his dream, but also the reality of being able to help provide for himself when his parents no longer can. >> there is an expression, oh, i can never die. i have to be here forever. none of us will be. >> they find comfort knowing his money has money saveden this account. giving him more freedom and fls

independen financial independence becky? >> sharon, the numbers are stunning only 46,000 of an estimated 8 million people who could be opening these accounts who is eligible? how would you define that for people >> i don't think people understand so many people. if you were diagnosed with a disability before the age of 26, if you receive social security benefits or even if you just have social security meet the criteria or the designation they have for functional limitations, then you could be eligible to have an able account so many people that are in this situation that don't realize that this is a possibility there are also many families that are struggling to make ends meet with a loved one with a disability at the current time and may not think they have the money to save. it is worth trying to see, if you could, put money in this account because really no other way to do it without being able and not losing your benefits >> an incredibly important story

and, sharon, thank you so much for bringing it to us. >> my pleasure. why are so few americans actually taking available of these able accounts? >> ginni joining us now to talk about this charles massimo thank you for being here today >> thank you, becky. >> why are people not doing this >> it's fairly new so lack of information out there. so qualified advisors that work with disabled families and they don't have the knowledge to advise them. unfortunately, not a lot of compensation or a broker to advise on these plans and, third, families such as mine with two boys with autism, you're so inundated and overwhelmed on adaily basewise so much that planning really lacks with these families. i don't think they take the time and effort to understand what's out there for them >> your firm specializes in this, but you specialize in this because it started at home

it was a process you had to navigate yourself. how did you go about doing that. your sons are 19 now >> they were both diagnosed with autism around 18 months old and i quickly learned this is a life-long challenge we're all going to face and i got into the community and realized so many families were impacted by autism and all disabilities no one knew what the future held every parent goes to sleep at night what is going to happen to my child when i'm no longer here to care for them that can help with that burden. >> what can the funds be used for? >> qualified such as education and just really their own support, transportation, housing and really the great, the major, the major advantage of an able account is that these people depend so much on social security disability. if any money hits them personally, over $2,000, their

social security disability is impacted significantly distributions from an able account up to $15,000 a year will not impact social security disability that is huge for these families because my boys i want them to go out and earn a paycheck >> that makes for a fulfilling life >> achieving a better life experience that's what able stands for. that's exactly what it means when my boys do something purposeful, you can see the smiles on their face and it means so much to them and so many can achieve that because of the $2,000 limit that all these families face and you don't want to jeopardize governmental benefits so you have to manage the able accounts closely. but being able to earn $15,000 a year or $100,000 cumulatively is a huge advantage. >> the $100,000 cume ulativcumuy $100,000 sounds like a lot but

not when you start considering the needs of a child who is going to need therapy and needs care so many things that come in hand in hand with that. >> those needs are life long unfortunately, they don't end. when i advise clients we tell them to look at it as using part saving account and part checking account. achieving $100,000 for someone disabled is a lot of money because their earning potential is significantly limited but the ability to earn that kind of money. as long as you manage it properly, this account will probably last a lifetime for many of these young individuals. >> you mentioned the idea that you could do this pretty easily setting up with a vanguard account or something else. there are some hurdles you have to jump through first. what did you have to do? >> it is a little changing most parents go for guardianship when they are 18 you have a guardianship over the person because ythey don't have

property or estate you have to have guardianship over the estate and property so, to open up an able account, you have to make that little tweak to your guardianship paperwork. >> that is something a lawyer can take you to do >> once a special needs attorney does it. fairly easy to go online and open up the account yourself >> charles, i want to thank you for sharing your time and your insights on that charles mossimo and the cj well found wealth if people have question, they can come to you and ask. thank you. >> thank you, appreciate it. cashing in on storage space. how to turn your attic or garage into profit. later with so many colleges to choose from how do you find the best fit and how do you afford? right now, let's look at how right now, let's look at how the stock market ended the week.

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you got stuff or you got space. one new company is taking on both extra clutter and extra room and trying to bring it all home sweet home. they're also making some money in the process diana olick headed to lanta to see how it all works >> reporter: they sayy in every treasure tre attic is extra treasure. thanks to the shared economy and a new company, neighbor, people who have extra space are connecting online with people who have extra stuff so, you can store your stuff in someone else's house instead of

renting a pricier storage unit barely two years old, neighbor which charges users a fee, has seen 500% annual growth according to its ceo it's now available in 48 states and is going international >> it's not just garages and basements and driveways, we'll have people put up barnes, their old barn and they'll store classic cars in their barn we have people put up even small spaces in university towns we'll have people put up a closet and students will come store two or three boxes in their closet. >> reporter: exactly what the cohen family is doing in their atlantic home. they rented out a corner of their attic to a college student and looking to rent out a parking space. >> we're not looking to rent out an rv. i draw the line. >> reporter: homeowners expect

anything they insure and neighbors insures them for up to $2 million if the stuff should hurt the home and the homeowners can reject anything. >> nose fireworks or animals or humans. >> reporter: for those renting the space, its arer bigger than the big public companies because homeowners have less overhead. >> we looked around what u-haul or one of the bigger self storage places are charging and then went below that, but wanted to keep it somewhat comparable. >> reporter: there are six self store rates and the sector is strong, but you have to wonder is this going to do to self storage what air bnb did to hospitaltality >> there are more storage than hospitals, walmart, domino's and cos costcos combined just this massive industry we're

trying to disrupt. >> reporter: plenty of space in the disrupter for it theyown more than 5,600 properties across the u.s., that is a lot of lockers. occupancy rate is high. >> diana, i'm trying to get over the creepy factor that you're going to store your stuff somewhere and they get to look through your stuff and go through it you can't store your extra people in our attic. how do you get through the whole idea of whether it is safe or not. >> for the renter, they can inspect the attic or garage space and people get to look at what is being stored and there is an insurance policy the renters are insured and the homeowners are insured by neighbor remember, this is a social plattpla platform so the people with the space are talking to the people with the stuff and get to know each

other. >> you root out the creepy people there is a rating system, something involved with this i am trying to get my head around it. diana, thank you great to see you. up next, on the money. which schools have the best professors, the best campus and even the best financial aid. the colleges that came out on top. later, looking to make a big move one state will pay you to become a resident plump skin cells, brighten, and visibly smooth wrinkles. in fact, just 1 jar has the hydrating power of 5 jars of the prestige cream. for visible results without prestige prices, try olay regenerist with a money back guarantee. and complete your routine with the olay eye collection. brand power. helping you buy better. there's brushing and there's oral-b power brushing. oral-b just cleans better. it's the one inspired by dentists...

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with thousands of choices, finding the right college can seem overwhelming. if you're looking for help narrowing down the options the best edition of 385 colleges is out. rob is the author and princeton review editor in chief thanks for being here. >> thanks for inviting me. >> that time of year when we start thinking about school again. we need to check in with you how do you do this what is the criteria for how you pick the first 3 a385. >> we look for four criteria campus culture fit, that is a big bucket are they religious, not religious. number three financial aid fit and career service >> it's not going to be the same 385 best colleges for everybody. but something in here for everybody. >> some of the most competitive schools in the land and 13% of the best four-year colleges.

>> which schools have some of the best financial aid packages? >> one of our most popular list. and we go to students. number one on the list is boden college up in brunswick, maine sticker is high but its average give $48,400 >> when you're apply for schools, you don't know what kind of financial aid package you're going to get. a l i heard of people who need big financial aid packages and just don't apply to those schools >> when we look at bowdoin because you might cross it off your list. you want to make sure you can find out what the average aid packages are and assume you'll get similar. >> what about hidden gems. smaller schools parents and their students may not have considered before. >> university of dayton, awesome school 8,500 students in dayton

it's on so many of our lists best food. it's such a great, great spot. and great return on students investment return from internsh internships. >> gettysburg. >> granell only 1,600 students liberal students talking about political fit, as well >> let's talk about the college admission scandal has impacted things how has that changed the set up? are you able to get your arms around that? >> for the next economic year, that's what we're looking at closely. despicable and the real losers are the students that didn't get accepted and what i think that people should know about 3 million students college bound this year the vast majority will get in on high school gpa. >> rob, thank you. great to see you and we'll talk to you, again, soon. up next on "t"on the money.

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here are the stories coming up that impact your money this week on monday we'll see how many durable goods are sold in july those are items that are intended to last three years if you're a dog person, time to celebrate your furry friends

it is national dog day on tuesday we'll see how the consumer is feeling with the consumer confidence report and then on thursday the second reading of the second reading gdp will be released.warren bufl setbra celebrate his birthday. what if a state paid you to relocate there that's what's happening in vermont that kate rogers found the state is offering incentive to make that move. >> remote work means freedom. >> i value working remotely just innately it enables me to be wherever i want to be and to have my family be with me in a setting that we choose and a location and a culture that we choose. >> reporter: the 37-year-old has worked remotely for the better part of his career with pure charity a technology nonprofit he and his family is based outside of los angeles and then

decided to buy a home and own some land. they packed up their two kids and their dog in an rv and drove 25,000 miles across the country looking for the perfect place to plant roots. they ended up in vermont this past january he took advantage of the state worker grant program which offers incentives up to $10,000 for the workers who do their jobs remotely to move to vermont. he got some 4,500 reimbursed for his move this is a way to attract a younger tax base in a population that is growing in a historically tight labor market. fitch ratings downgraded the state in part due to age demographics >> incredibly low unemploymented we're hearing they need workers and skilled workers and this seems to be one small piece of the puzzle to try to get new

people to come to our state. >> reporter: so far nearly 60 remote workers have taken advantage of the program with an average age of 38 and an average grant of around $3,800 some january a few phase will bedpib begin. this will offer up to 7,500 for out of state residents to relocate to vermont and work for companies based in the state the sock manufacturer is experiencing record growth but needs workers to grow up. >> we are going to need double our workforce in a matter of years and we need to work and partner with the state to get those workers. >> reporter: for palkovitz who lives on the border of new york state with his family, the grant program presented the opportunity to make a needed change >> this is something we've always dreamed of doing. living out on a lot of land and it's something we knew we wanted to do with our kids while they're young. >> another caveat, if a family is thinking of double dipping, only one reimbursement is

allowed perhousehold >> although getting paid to get there is remarkable. are there age requirements >> they are finding the average age is about 38 years old. they need to attract a younger population and new tax base, so it is actually working but no age limit, anybody can apply. >> that is cool. thank you. great to see you >> you, too. that's the show for today, i'm becky quick. thank you for joining us next week, do you remember "catch me if you can." the man who inspired the movie is joining us with tips. how you can outsmart the scammers have a great one and we'll see you next weekend bye-bye. these folks don't have time to go to the post office they use stamps.com all the services of the post office only cheaper get a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again.

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it's how we care for our patients- like job. his team at ctca treated his cancer and side effects. so job can stay strong for his family. cancer treatment centers of america. appointments available now. welcome, everybody the trade war escalating at a fever pace this evening. president trump further raising tariffs on chinese goods in rapid response just this morning boosting their tariffs steve liesman is live at the fed summit with immediately reaction from one of the central bankers of the world mark carney steve, take it away. >> thanks very much, melissa here at jackson hole with mark carney president trump escalated, talk about the global effects of the trade war between the u.s. and china? >> well,